Managing insurance compliance, verifying safety procedures, and verifying the financial stability of your subcontractors alone can take a team dedicated to this process.
Depending on the number of subcontractors in your system, implementing an effective program internally can cost you well over a hundred thousand dollars. Between hiring staff, paying for a software platform to house all the data, and covering the costs of pulling the different types of business checks from public data to credit histories of your subcontractors, implementing a program internally is not necessarily the best option.
At ProQual, we handle all of the above for you at a fraction of the costs. With our subcontractor notification system and document collection and verification team specially trained to run the process for you, you can feel confident knowing that you have the information your firm needs to make informed decisions when it comes to working with quality subcontractors. In addition, with our customizable screening parameters, flexible pricing schedule, and bulk enrollment discounts, your organization can have the peace of mind knowing that your subcontractors have the correct insurance, licenses, or other types of credentials required to work with your firm.
Program Features & Benefits
Protection against changes in contractor insurance coverage, fraudulent document submissions and inaccurate coverage types.
Through our producing agency verification, you are immediately notified if anything has been changed, altered, or cancelled with the insurance coverage of your contractors and vendors. ProQual also verifies coverage requirements are being met, and contacts your contractors and vendors if changes are required.
Document collection and verifications.
ProQual not only collects documentation required by your firm, but goes the extra step to verify every document received. Whether it be bonding reference letters, trade licenses, business registrations, Minority Business Entity registrations or others, your organization will have the knowledge you need, when you need it.
Financial risk-mitigation services of your subcontractors.
ProQual helps your firm determine the financial stability of your subcontractors and suppliers by pulling public records for bankruptcy filings, tax liens, and judgments. ProQual also has the ability to pull further detailed types of business credit reports should your firm require a more detailed internal analysis, all of which may be executed at any frequency to meet your specific needs.
Consistent Client-specific qualifications.
With ProQual, you set your qualification requirements. Whether listed below, or you have other documentation specific to you or your owner requirements, the ProQual by Pantera system allow for full customization to to meet your specific needs. Upon program commencement, the ProQual team helps your subcontractors enroll, collects the required documents, then verifies them based on your organization’s risk management guidelines and parameters. All details, documents collected and results are provided through a secure online portal.
- Collection & Verification of Certificate of Insurance
- Bonding Capacity Verification
- Verification of Union Status
- MBE/DBE Certification Verification
- Bankruptcy, Lien, & Judgment Check
- OSHA Citation & Violation Search
- EIN & W9 Collection & Verification
- EMR Collection & Verification
- The Experian™ Business Profile Report
- Professional License Verifications
- Corporate Status Verification
- Professional Project Reference Checks
Easy and beneficial enrollment for subcontractors.
The initial enrollment process for your subcontractors and suppliers takes only minutes to complete. Once enrolled, the ProQual team will follow up with your subcontractors and suppliers to help stay on top of any missing submission requirements. The ProQual process is also a “self-check” device so your subcontractors and suppliers know what information on their business may be fraudulent or incorrect.